The stock market is nearing the end of the first half of 2023 with strong performance.
as the Fed continues to fight inflation. This includes the prospect of interest rate hikes at consecutive meetings.
Investors will monitor more of his comments Thursday as Powell is slated to speak at a conference in Madrid, where he will have a discussion with the Bank of Spain Governor Pablo Hernández de Cos. The event will take place at 2:30 a.m. ET. Traders will also keep an eye on the weekly jobless claims data Thursday morning to gauge the health of the labor market.
For the month of June, the S&P 500 is up 4.7%, on pace for its best monthly performance since January. In the second quarter, the equity benchmark has gained 6.5%, on track for its third positive quarter in a row.
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